Take-Two Interactive Software (NASDAQ:TTWO) Coverage Initiated by Analysts at Piper Sandler

Equities researchers at Piper Sandler began coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $280.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 23.36% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $226.98 on Tuesday. Take-Two Interactive Software has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $42.14 billion, a P/E ratio of -140.11, a P/E/G ratio of 3.42 and a beta of 0.98. The company has a fifty day moving average of $213.87 and a 200-day moving average of $224.74.

Insider Activity

In other news, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $415,320. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the transaction, the director directly owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 72,216 shares of company stock valued at $16,022,424. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares during the period. Compagnie Lombard Odier SCmA increased its position in shares of Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after buying an additional 46 shares during the period. First Horizon Corp increased its position in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the period. Westside Investment Management Inc. increased its position in shares of Take-Two Interactive Software by 10.0% during the third quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock valued at $135,000 after buying an additional 48 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the period. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.